Fugro N.V. (FUGRF)
OTC PINK OTC PINK Primary 
Why Fugro Is An Asymmetric Buy The Market Doesn't Understand
The market has mistakenly punished Fugro for temporary headwinds, creating a chance to buy a solid business at an exceptionally cheap price. Investors are overlooking a potential 20% FCF yield, which is currently masked by strategic growth spending. With a proven management team and multiple secular tailwinds, I believe Fugro has a clear path to generating higher cash flow growth.
Fugro: A Contrarian Long Idea
Fugro's Q1 2024 results showed weaker revenue and margins, but management remains confident in achieving mid-term EBIT margin targets. Strong free cash flow generation and a healthy balance sheet position Fugro well, with net debt at just 0.5x trailing EBITDA despite heavy capex. Current valuation is attractive, with Fugro trading at a low EV/EBITDA multiple and consensus estimates projecting significant EBITDA growth by 2027.
Fugro N.V. (FUGRF) Q4 2024 Earnings Call Transcript
Fugro N.V. (OTCPK:FUGRF) Q4 2024 Earnings Conference Call February 28, 2025 5:00 AM ET Company Participants Mark Heine - Chief Executive Officer Barbara Geelen - Chief Financial Officer Catrien van Buttingha Wichers - Director, Investor Relations Conference Call Participants Thijs Berkelder - ABN-Amro ODDO BHF Quirijn Mulder - ING Michael Roeg - Degroof Petercam Mark Heine Very welcome to the 2024 full year results presentation of Fugro. A very welcome to everyone here in the room, but also online.
